Common use of EXCHANGES OF EXISTING DEBT Clause in Contracts

EXCHANGES OF EXISTING DEBT. At any time during the period commencing on the date hereof and ending on the date no Existing Debt remains outstanding (the “Exchange Period”), the Company hereby grants the Creditor an option, subject to section 1(d) below, to exchange (each, an “Exchange”) all, or any part, of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).

EXCHANGES OF EXISTING DEBT. At any time during the period commencing on the date hereof and ending on the date no Existing Debt remains outstanding (the “Exchange Period”), the Company hereby grants the Creditor an option, subject to section Section 1(d) below, to exchange (each, an “Exchange”) all, or any part, of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).

EXCHANGES OF EXISTING DEBT. At any time during the period (the “Exchange Period”) commencing on the date hereof and ending on the date no Existing Debt remains outstanding April 17, 2016 (the “Exchange PeriodOutside Date”), the Company hereby grants and the Creditor an optionagree, subject to section 1(dSection 1(e) below, to exchange (each, an “Exchange”) all, or any part, all (reduced only as set forth in Section 1(e) below) of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).

EXCHANGES OF EXISTING DEBT. At any time during the period commencing on the date hereof and ending on the date no Existing Debt remains outstanding (the “Exchange Period”), the Company hereby grants and the Creditor an optionagree, subject to section 1(dSection 1(e) below, to exchange (each, an “Exchange”) all, or any part, all (reduced only as set forth in Section 1(e) below) of the Existing Debt into validly issued, fully paid and non-assessable shares of Common Stock (as defined below) (collectively, the “Exchange Shares”), on the terms and conditions set forth in this Section 1. Certain capitalized terms used herein are defined in Section 1(h).